What contributes to the growth of trust in cryptocurrency?

Is cryptocurrency a criminal currency?

Even today, some people believe that digital currency is only used to commit crimes. Although this is far from the truth, certain blockchain characteristics make digital assets attractive to criminals, for example, anonymity and bounded regulatory oversight in the cryptocurrency space.

  • According to the 2021 Crypto Crime Report, the number of crimes related to cryptocurrency has decreased dramatically over the past year alone. In 2019, cryptocurrency crimes accounted for 2.1% of all cryptocurrency transfers (about $ 21.4 billion), and in 2020 this figure dropped to 0.34% of the volume of transactions (about $ 10 billion lost as a result of cryptocurrency cybercrimes and fraud). Compare this with the fact that from 1 to 2 trillion dollars are laundered in fiat currency every year.
  • It should also be noted that the situation is improving every day, as global financial regulatory authorities and governments of individual countries begin to take measures, pay attention and adopt legislation in the field of cryptocurrencies, striving to keep up with the rapid development of this exciting new asset class. In addition, cryptocurrency service providers are getting better at plugging holes in their systems and taking security measures to protect against cryptocurrency cybercrimes.
  • In addition, exchanges such as Binance, for example, have already created reserve funds to cover any assets lost as a result of a cyberattack.

A new world of cryptocurrency owners

Trust and confidence through institutional investment

Trust in cryptocurrency exchanges: Notable success

Trust in a blockchain system with countless applications

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Intelfin Global

Intelfin Global

Intelfin is a unique protocol of decentralized finance, which is currently under active development.